moat

When Warren Buffett first started buying businesses with ‘moats’ in the 80s, such as Coca Cola, his disciples thought he was crazy. More than 30 years later, buying businesses with a moat is accepted wisdom. Morningstar even offers a 'moat rating' on thousands of stocks from around the world.
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Drugs, money, blood – even allegations of cartel-like behaviour: the plasma industry has all the ingredients of a crime thriller. In Part 1 https://www.intelligentinvestor.com.au/csl-australias-best-resource-stock-0 we explained how CSL’s (ASX: CSL) large, reliable source of raw plasma and its status as the lowest-cost producer make it the industry’s equivalent of Saudi...
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